Jessie ----
by on July 1, 2018
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Canada is continuing its hissy fit, as it began imposing its tariffs today, worth about $12.6 billion in U.S. goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the United States. But these fits thrown by other countries is getting absurd, and out of hand.
Though the US products vary, and include mostly steel and iron, face 25% tariffs, the same penalty the United States slapped on imported steel at the end of May. Other U.S. imports, from ketchup to pizza to dishwasher detergent, will face a 10% tariff at the Canadian border, the same as America's tax on imported aluminum. All these countries have to do is drop all tariffs, and we'd all be better off. But I don't blame President Trump for standing up for Americans in this whole mess.
Trump has ticked off Canada and other U.S. allies by declaring imported steel and aluminum a threat to America's national security and therefore a legitimate target for U.S. tariffs. Canada is the United States' second-biggest trading partner in goods, just behind China.
Prime Minister Justin Trudeau thanked Canadians for standing united against President Donald Trump's sanctions. He gave his speech in Leamington, Ontario, which is home to a food-processing plant that supplies tomato paste and other products to French's, a major competitor of Kraft Heinz.
Trudeau's tariffs took effect at 12 am today, and are hitting a long list of U.S. consumer goods, including ketchup and other Kraft Heinz products. Canada is still reeling over the fact that in 2014, Hienz left and sold its Leamington plant in 2014, after 105 years of Canadian operations.
But Trump has repeatedly attacked the trade policies of the United States' northern neighbor, citing Canada's triple-digit tariffs on dairy products, which account for only about 0.1 percent of U.S.-Canada trade. As for renegotiating NAFTA, Trump has said he sees no new deal until after the midterm elections.
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